Which of the following is true regarding Investment Banks?
A) As a result of the financial crisis of 2008, all stand alone Investment banks either failed, were merged into commercial banks, or became commercial banks.
B) Under the Glass-Steagal act, commercial banks were allowed to operate as Investment banks.
C) When Glass-Steagal was repealed in 1999, commercial banks and Investment banks had to be separate entities.
D) As of 2010, stand alone Investment banks are numerous.
Correct Answer:
Verified
Q2: All financial intermediaries are banks.
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Q4: The principal participants in in the financial
Q5: The purpose of financial markets is to
Q6: In Financial markets, borrowers and lenders most
Q8: Financial intermediaries help bring savers and borrowers
Q9: Mutual Funds and ETFs provide the investor
Q10: Secondary markets
A) function as a place for
Q11: Commercial banks in the U.S. often own
Q12: All of the following are classified as
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